272 Broadway - Apartments FOR SALE


Providence, RI 02903
$1,525,000 USD
401-751-9606
272 Broadway, Providence, RI for Sale
$1,525,000 USD
Apartments - FOR SALE
1/12
null | 3.5% Cap Rate

272 Broadway
Providence, RI 02903


OVERVIEW

Historic 8-Unit Residential /Office Investment Property in heart of West End Providence; adjacent to Columbus Theater, and all the dining, boutique shopping, entertainment, and professional /personal services all around Broadway and Atwells Avenue. Immediate access to Downtown and major State routes 6 and 10, and Interstate Routes I-95 and I-195. On Federal Historic Register as 3 level Main House, plus additional Carriage House (total 6800+/-SF). Updated heating, electric, plumbing, fire alarm systems. Separately metered gas, electric, boilers, and hot water tanks. Fully Occupied with long term tenants. Set up as 1 Double Office, and 7 Residential Units. On site parking 10 vehicles. Notable upside income: All tenants on month to month basis. All existing rents are below current market rates.

FOR SALE DETAILS

PRICE

$1,525,000 USD

PRICE/SF

$137 USD /SF

# OF UNITS

8

PRICE/UNIT

$190,625

CAP RATE

3.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1868

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,840 SF

ZONING

C1

APN/PARCEL ID

PROV-000028-000000-001025

ASK ABOUT THIS PROPERTY

Gregory MicallefOlympus Group Real EstateMore Info
401-751-9606

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Gregory MicallefOlympus Group Real EstateMore Info
401-751-9606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.